Ramaco Resources, Inc. — Form 8-K
Filed August 4, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 58/100
What the filing says
Ramaco reported Q2 2026 net loss of $15.4M ($0.26 EPS Class A) with Adjusted EBITDA of $5.7M. Core operations: 931k tons produced, 1,056k tons sold at $116/ton FOB mine, cash costs $99/ton (4th consecutive sub-$100 quarter). Capital allocation: repurchased 4.6M Class A shares (~8% of outstanding) YTD for $66M at avg $14.44/share; Board approved $25M Maben low-vol development (12-month spend, adding 0.6M tons at double margins). Brook Mine: Hatch conceptual study shows $8B NPV and $1.3B avg annual Adjusted EBITDA (vs prior Fluor report), $3.2B base capital + $0.8B contingency, production target 2031; pilot plant construction ongoing Wyoming. Liquidity increased 358% YoY to $400.1M.
Why this rating
Brook Mine study is long-term optionality (4-5yr+ horizon, $3.2B capex unfinanced); metallurgical coal core faces market headwinds (production guidance reduced, margins down 15% YoY). Share buybacks ($66M ≈15% of market cap) are material but consumptive of liquidity. Event is real but incremental for a $425M company with negative FCF YTD.
See more from August 4, 2026.
EDGAR·FLOW summarizes public SEC EDGAR filings with automated analysis. Materiality scores and stock-impact predictions are algorithmically generated and are not investment advice. Always verify against the source filing on SEC.gov.